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Emerging markets: the lone bright spot at Citigroup

Source: http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert/0/0/emerging-markets-the-lone-bright-spot-at-citigroup
Posted on Tuesday, November 25th, 2008 | In Asia
Contributed by: Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert) -

Citigroup is getting a big dose of government handout because of its portfolio of toxic debt. $306 billion worth. brbrCitigroup is going to dump a bunch of its crappy assets but one category it wants to hold on tight to is its a title=citigroup target=_blank href=http://www.bloomberg.com/apps/news?pid=20601087sid=aXLnfl1jry8Qamp;refer=homeemerging markets /aassets. brbr “Our emerging markets franchise is the core of the company. We have a clear
strategy to develop our business with a primary focus on emerging
markets, and that means Asia, the Middle East and Latin
America.” brbrbrbr

Last 5 posts by Tony Sagami





About Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert)
Tony Sagami, a veteran investment advisor and a leading expert on Asian markets, is the owner and founder of Harvest Advisors, an investment research and money management company. Mr. Sagami has been managing money for more than 20 years and is one of the early pioneers in the application of technical and quantitative analysis to mutual funds and stocks. He is a featured contributor to Weiss Research’s daily e-letter, Money and Markets and monthly Safe Money Report as well as the editor of Asia Stock Alert.

Prior to establishing his own firm, Mr. Sagami was managing director at W.E. Donoghue & Co, serving additionally as the director of investment. During his successful career, he also held the position of account executive at Merrill Lynch.

Mr. Sagami’s views on Asian markets, specifically Chinese investments, have been featured in publications such as The Wall Street Journal, Barron’s, Kiplinger’s, Smart Money, Business Week, New York Times, Washington Post, Investors Business Daily, Bloomberg, Financial Planning Times, Mutual FundsMagazine, Chicago Tribune, and the LA Times, as well as on CNBC and CNBC Asia.

Mr. Sagami holds a degree in economics from the University of Washington.

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